1 Bed Flat for sale in Alvor, Portimao Region, Portugal

Studio Apartments from just €71,280 Apartments with sea views from just €97,500 • Prime location just 100 meters from the beach in one of the Algarve’s most popular tourist resorts • Completely refurbished with turnkey furniture package • 5% rental guarantee option with all costs covered for 2 years • Reservations just €5,000 • 70% finance available • Proven Prime Position – Hilton Hotel to build its next resort behind this project • Developed & managed by The Pestana Group – Portugal’s largest hotel and leisure operator The fishing village of Alvor is situated on the estuary of the river, Rio Alvor, despite steady developments since the dawn of tourism in the 1960s buildings are mainly low-rise and the charm of the old town with the narrow cobbled streets leading down to the harbour on the lagoon of the river estuary still remains. The riverfront, one of Alvor’s most idyllic settings which has been refurbished in recent years is now fully paved and lined with palm trees and several lovely beach bars and restaurants, with plenty of outside seating for al fresco dining. Alvor’s has a lovely long, dune backed, sandy beach Praia de Alvor, just a 100 metres from the hotel. The eastern end of the sands, which offers shelter from distinctively colored, imposing rock formations is known as Praia de Três Irmãos. The Algarve continues to ensure its waters and beaches remain clean, many boast the Blue Flag, an exclusive eco label which means they have adhered to strict guidelines on sustainable development with water quality, environmental management, safety and other services. Wander into town and explore the network of streets that make up Alvor and discover a multitude of places to eat and drink, catering for all tastes – traditional Portuguese, Indian, Chinese, Italian - and equally as many bars to choose from. Alvor is an ideal resort for families with plenty of shops a supermarket and several smaller grocery shops. Furnishings All will be fully furnished and equipped to a turnkey standard. Each unit has a full bathroom, built in wardrobes & 2 single beds, kitchenette with bar, fold out sofa bed, a coffee table and an armchair. Prices 62 x studio apartments –from 55.250 Euros to 133.900 Euros 11 one bedroom apartments –from 100.425 Euros to 147.550 Euros 4 x one bedroom penthouse apartments –from 292.500 Euros to 357.500 Euros To benefit from a sea view, prices start from 97.500 Euros Purchase costs Will be approximately 10% of the purchase price This includes IMT tax (the national transfer or sales tax), notary fees, registration costs and legal fees. Timings The building is in the final stages of refurbishment and should be ready in the next few months. Licensing will then take a few more months, so predictions are for final completion of sales to be at the end of the year. Finance 70% mortgages are available if required. Rental Guarantee You will have the choice to either let your apartment or keep it only for personal use. The developer is offering a 2 year rental guarantee with a 5% net return. So if you purchase for 100.000 Euros, you will receive 5.000 Euros per year for 2 years and you will have no running costs. You allow the developer to let the apartment year round, and you can have 4 weeks personal use from November to March. At the end of 2 years, you can renegotiate the rental contract or keep the apartment for personal use. If you decide not to let, you come and go as you please. Running Costs If you do not wish for the rental guarantee, your estimated annual costs are 1600 Euros for a studio apartment 2100 for a 1 bed apartment